RE: I can21 Jan 2025 14:27
Nice update from NTOG today......if PPP can sort out their finances could be PP next but will it ever happen?
Nostra Terra (AIM: NTOG), an international oil and gas exploration and production company focused on its Pine Mills producing asset in Texas, USA, is pleased to provide the following update.
Highlights
· Company total oil production is currently averaging approximately 120 bopd net
· Production in Pine Mills averaged over 80 bopd in December 2024, confirming the 60% or 30 bopd increase in production first achieved in November of 2024.
· Company is cashflow positive at corporate and operational levels
· Waterflood pressure back up to pre-shut-in levels.
· The Phase 2 workover program has commenced; the first well was put into production on 20 January 2025